Video:How to Claim Dependents on Tax Formswith D. Craig Godfrey
Claim dependents on tax forms so that you can receive a lower income tax rate. Here are some tips on how to claim dependents on tax forms.See Transcript
Transcript:How to Claim Dependents on Tax FormsHey guys, Greyson Ferguson here with About.com. Today we are gong to look at how you claim dependents on your tax return forms.
How to Qualify for Dependents on Tax FormsThe IRS has stated now that there are two different categories for dependency. One is a qualifying child and the other is a qualifying relative. This person, if you are going to take them as a dependent, cannot be claimed elsewhere on other tax returns.
They are unmarried, are a U.S. citizen or resident alien, as how they are referred to. They also can be a resident of Canada or Mexico.
Where to Claim Dependents on Tax FormsThe exemptions are claimed, if you look at the long form form 1040, the United States Individual Income Tax Form itself, on line 6 A, B and C to claim exemptions for yourself, your spouse and other qualifying dependents. If you have many dependents, there is no limit on the number of dependents.
Well there you have it. I'd like to thank the folks at Godfrey Wise Berg, and to learn more yourself, visit us on the Web at About.com.
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